New Zealand's Trade Window rises on higher quarterly ARR

Trade Window Holdings

25/07/2024 03:17

** Shares of Trade Window Holdings  TWL.NZ  rise as much as
10.6% to NZ$0.167, their highest since July 2
    ** Stock posts its biggest intraday pct gain since July 25,
2023
    ** The software firm posts a 17% rise in first-quarter
trading revenue of NZ$1.8 mln ($1.07 mln)
    ** Says annual recurring revenue (ARR) stands at NZ$6.8 mln 
    ** Adds co on track to deliver ARR within its forecast range
of NZ$7.3 mln to NZ$8.3 mln for the full year
    ** Stock has fallen ~25% this year, as of last close

   ($1 = 1.6886 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))